What Is The Standard Deduction For 2024 Irs

What Is The Standard Deduction For 2024 Irs. The social security wage base limit is $168,600.the medicare tax rate is 1.45% each for the employee and employer, unchanged from 2023. What is the standard deduction for 2024?


What Is The Standard Deduction For 2024 Irs

Single or married filing separately—$14,600. If you earned $75,000 in 2023 and file as a single taxpayer, taking the standard deduction of $13,850 will reduce your taxable income to $61,150.

What Is The Standard Deduction For 2024 Irs Images References :